iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Xelpmoc acquires 13.99% stake in Accelerated Learning; stock hits new 52-week low

30 May 2022 , 04:19 PM

Xelpmoc Design & Tech Limited informed that the board has approved an investment in securities of Accelerated Learning Edutech Private Limited, in one or more tranches.

Xelpmoc will provide advisory services to ALEPL/SOAL and look at the concept and future prospect of the ALEPL/SOAL and further, on request of promoters of ALEPL/SOAL to have participated in the ownership of the ALEPL/SOAL.

The Board of the directors of the Company has decided to subscribe to Compulsory Convertible Preference Shares (CCPS) of ALEPL/SOAL. This transaction is expected to be completed by end of March 2025.

The company will pay Rs1.46 crore against 67,500 CCPS of the face value of Rs50 each at an issue price of Rs215 per share including a premium of Rs165 per share.

The company will acquire 2,47,500 CCPS at an issue price of Rs215 per share aggregating to Rs5.32 crore against the advisory services of equalling the amount by the Company to ALEPL/SOAL.

Therefore, the total cost of acquisition is Rs6.77 crore.

After the proposed acquisition, the Company is going to hold 3,15,000 CCPS of ALEPL/SOAL. Therefore, upon acquisition Xelpmoc’s shareholding will be 13.99% of total paid-up share capital on a fully diluted basis.

Xelpmoc's counter ended at Rs192.65, down by 9.45% against its previous close of Rs212.75 on NSE. The stock touched 52-week new low of Rs188.15.

Related Tags

  • XelpmocAcquisition
  • XelpmocNews
  • XelpmocShare
  • XelpmocSharePrice
  • XelpmocStock
  • XelpmocStockPrice
  • XelpmocUpdates
sidebar mobile


Read More

Most Read News

Indian markets close the day in red
29 May 2024|04:50 PM
Power Mech gets new order of Rs 563.23 crore
29 May 2024|04:52 PM
Man Industries gets new orders of ₹490 Crore
29 May 2024|05:18 PM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.